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Other Assets, Net
9 Months Ended
Sep. 30, 2017
Other Assets [Abstract]  
Other Assets, Net

5.

Other Assets, Net

Other assets consist of the following (in thousands):  

 

 

September 30, 2017

 

 

December 31, 2016

 

Intangible assets:

 

 

 

 

 

 

 

In-place leases, net

$

79,257

 

 

$

99,600

 

Above-market leases, net

 

16,100

 

 

 

20,405

 

Lease origination costs

 

10,976

 

 

 

12,931

 

Tenant relations, net

 

93,153

 

 

 

108,662

 

Total intangible assets, net(A)

 

199,486

 

 

 

241,598

 

Other assets:

 

 

 

 

 

 

 

Prepaid expenses(B)

 

18,870

 

 

 

26,842

 

Other assets

 

1,992

 

 

 

6,274

 

Deposits

 

5,766

 

 

 

5,965

 

Deferred charges, net

 

8,359

 

 

 

4,731

 

Total other assets, net

$

234,473

 

 

$

285,410

 

 

(A)

The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $14.4 million and $13.9 million for the three months ended September 30, 2017 and 2016, respectively, and $47.0 million and $54.6 million for the nine months ended September 30, 2017 and 2016, respectively.